EdgePoint acquires Asiaspace, to become EdgePoint Towers
By Digital News Asia May 25, 2021
- Acquires 178 telecoms towers; Edgepoint Towers as new operating entity in Malaysia
- Coupled with Indonesia investments, further strengthens EdgePoint’s foothold in Asean
TELCO infrastructure holding company EdgePoint Holdco Pte Ltd has announced the acquisition of Asiaspace Sdn Bhd, which has subsequently been renamed as EdgePoint Towers Sdn Bhd.
With this acquisition of 178 telecoms towers, EdgePoint Towers will be EdgePoint Holdco's new operating entity in Malaysia, servicing the telco infrastructure needs of mobile network operators across the country, the EdgePoint Holdco said in a statement.
“Asiaspace is known as a trailblazer in the telco infrastructure industry and we are pleased to further build on this foundation through the acquisition,” said Suresh Sidhu, chief executive officer of EdgePoint (pic).
“With these towers in Malaysia, coupled with our growth in Indonesia, we have further strengthened our ability to access opportunities and enhance our foothold in Asean,” he claimed.
Abdul Ghani Abdullah, the founder of Asiaspace, added: “We are happy to see the legacy of Asiaspace’s work in Malaysia becoming part of EdgePoint’s dynamic vision for the future of telecommunications infrastructure.”
Abdul Ghani said Asiaspace were one of the early players in the sector, being the first in Malaysia to provide a common sharing service for telecommunications infrastructure, on top of “laying the groundwork for a connected nation and bearing witness to the ever expanding necessity of telco infrastructure in an increasingly digitised world.”
“We wish EdgePoint much success as they continue to advance connectivity in Malaysia and in Asean,” he said.
Abdul Ghani will continue to be involved in the telco infrastructure industry via a separate entity, Asiaspace Broadband.
Edgepoint focuses on building and leasing sharable telecom structures, as well as providing solutions including small cells and in-building systems.
It has investments in Malaysia and Indonesia, and is backed by global investment firm Digital Colony.
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